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Final declaration from the meeting of businessmen and women from and operating in Somalia

Issue 315
Front Page
Index
Headlines

Ministry of Water & Minerals about to Strike Deal with Rogue Puntland Oil Company: Range Resources Ltd

Jendayi Frazer Visits Somaliland

Halo Trust Officer Wounded After Being Shot By Aggrieved Ex-Employee

Somaliland Parliamentary Cross-Party Committee Travel To London

Justice & Welfare Party Calls Investigation of Omission

A Bill On Somaliland Recognition To Be Introduced To US Congress

UN’s Ethiopia-Eritrea force at risk

Somaliland Frees Puntland Pows - Puntland Vows To Retake Las Anod City

Somali soldiers storm central bank

Africa summit wraps up

Mogadishu faces its most difficult time

Rethinking Somalia’s plight

Regional Affairs

US envoy in surprise visit to Somaliland: Somaliland spokesman

Somaliland Responds To Statement Reportedly Made By Somali Leader

Editorial
Special Report

International News

Kosovo independence declaration possible in 10 days

Board okays black-focused school

US Presidential Contenders Prepare For Super Tuesday

FEATURES & COMMENTARY

UCL Archaeologist Returns To Somaliland

Australia police inquiry of mining firms should extend to Somalia

UN Chief Seeks Way Out of Kenya's Post-Election Chaos

Leopard among the women: "Shabeelnaagood" A Somali play by Hassan Sheikh Mumin

Gulf investors eyes lured by high return Business Venture In Somalia

New US Commander prepares for Africa Assignment

JFK's Daughter Endorses Obama

Africa summit wraps up amid concern over Kenya, Chad

Food for thought

Opinions

Death of Somali Nationalism and Emergence of Siadist ends

What are the problems of somaliland’s national audit office and their possible solutions?

The Clan Rivalry Among Somalis Must End!

The Presidential trip: “The Most successful event”

In response To The Funny Kulmiye

Somaliland is at the critical junction

A tribute to Hassan Sheikh Mumin



Dubai, UAE, 29 January 2008 - The meeting organized by the United Nations Political Office for Somalia (UNPOS) in Dubai (UAE) brought together business people from Africa and the Middle East, personalities from Europe and the United States and members of the Somali business community. The meeting, entitled: “The Private Sector: a Tool for Peace in Somalia” was aimed at assessing the economic situation in Somalia and the opportunities that could allow the country to move from a war to a peace economy.

The meeting identified a wide range of economic sectors that could boost the Somali economy including livestock and livestock products, agriculture, money transfer, telecommunications, infrastructure, oil and gas, mining, transport and tourism.

Businessmen and women from Africa and the Middle East came to the conclusion that despite the 17 years of crisis, the Somali economy is still stronger than that of many countries in Africa in terms of Gross Domestic Product and imports and exports. They also agreed that current business opportunities could be increased with stability in the country.

The Somali participants witnessed the expression of will, the interest and commitment of their counterparts from Africa and the Middle East to join with the efforts by the Somalis to move from crisis and stagnation to economic growth.

The non-Somali participants called on the Somalis to help create an environment conducive to investment including political, security and social stability. They expressed their readiness to consider ways and means to encourage the Somalis to follow a ‘critical path’ that will lead to the stability necessary for political, economic and social development.

The meeting requested UNPOS to impress upon the parties in Somalia to put the interests of the country before other interests, and work towards the return of peace and security.

Source: UN News Agency

 


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